Oil Upstream Exploration Oil
Strike Energy Limited - Australian Upstream Oil and Gas Companies
Strike Energy Limited is a high margin gas and oil-condensate producer focusing on oil exploration. which is active in some of the world's most productive basins and features major project growth potential across a range of new energy opportunities. For the latest information on Strike Energy click.
Oil Upstream
Strike Energy Limited is actuall a high profit gas producer that's productive in some of the earth's most fruitful basins and features major venture growth potential across a variety of new energy possibilities.
In the United States Of America, the organization at present generates through it's benefit in a couple of fields within Texas and is actually starting an ongoing exploration program to grow this effective position. In Feb this year Strike Energy accomplished it's third breakthrough from a total of several exploration wells drilled up to now (ie a 60% exploration success rate) with the Gardner Duncan 1 well. Finalized hydrocarbon amounts are even now being evaluated from this well, that is thought of as having the potential to twofold the businesses oil and gas reserve base.
Within Australia, the Company secures an extensive strategic ground position in the Southern Cooper Basin, for Coal Seam Gas and conventional prospects and within the Carnarvon Basin for shallow water oil and gas prospects.
In 2010 Strike Energy has initiated a new onshore Gulf Coast exploration plan on a pair of fronts.
Within Louisiana, Strike Energy has farmed directly into a new exploration joint venture (the Bateman Lake Joint Venture) with Texana Resources located in Houston. Strike Energy are going to be acquiring 10 - 15% Working Interests primarily within the prospects generated.
Oil Upstream - Strike Energy
In Texas, Strike Energy and its associates in the Eaglewood Joint Venture are participating in an onging exploration drilling plan on prospects which sit on a similar trend as the Rayburn and Mesquite producing fields. These kind of prospects usually are equivalent in nature to the Rayburn and Mesquite breakthrough discoveries being likewise situated in the high profile Wilcox Formation. Quite a few of these kind of prospects will have prospective resource potential an order of 50 to one hundred Bcf. Strike Energy contains a 30% Working Interest within these prospects.
Altogether, upward to 10 new exploration wells will most certainly be planned throughout the 2 combined venture undertaking areas for the year 2010.
Strike Energy was the successful prospective buyer with regard to licence region CO 2009-D within the current Southern Australian bid round and secures a 100% standing in this permit. Moreover, the Business was effective in acquiring Magellan Petroleum Corporation's ("Magellan") non-operated operating interests in PEL 94 (35%), PEL 95 (50%) and PPL 210, Aldinga Oilfield (50%).
The combination associated with these types of interests, with Strike Energy's operating 66.7% interest in PEL 96 and 75% interest in PELA 71, gives Strike Energy the prominent position in future oil exploration and continuing non-conventional evaluation (mainly CSG) in the area.
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